ITM Power (GB:ITM) has released an update.
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ITM Power PLC has reported an improved EBITDA loss forecast for the fiscal year ending 30 April 2024, anticipating a reduction to between £30.0m and £32.0m from the previously expected range of £39.0m to £44.0m, due to the resolution of disputes on legacy projects. The final audit results are pending, with the full preliminary results to be publicly released on 15 August 2024. ITM Power specializes in manufacturing electrolysers for green hydrogen production, aligning with net zero energy goals.
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